Sunday, September 12, 2010

A tale of two stocks

Why did I choose Hindalco over Tata Steel? Here are the charts which explain this.

Chart 1:

When compared with the Nifty, Hindalco has been a consistent outperformer, while Tata Steel has seen ups and downs. Price charts not shown.I am showing the relative Strength on daily prices but weekly is similar.



Chart 2 & 3

Weekly charts for Hindalco & Tata Steel. Hindalco is pushing against resistance, leading to a break into new highs of this bull market. Tata Steel is having overhead resistance so no breakout here.



More notes:
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